Japan’s GDP shrinks at 6% rate after consumption tax hike
Japan’s economy shrunk at a 6.3 per cent annual rate in the fourth quarter after last autumn’s rise in consumption tax, raising fears of a deeper slowdown and putting pressure on Shinzo Abe and the Bank of Japan to mount a policy response.The contraction was far worse than the 3.7 per cent forecast by analysts, and similar to the slump after a previous consumption tax rise in 2014.
Ja valitsus põhjendab maksutõusude vajadust vananeva elanikkonnaga. Meil samad jutud seoses pensioni eelkogumise vajadusega.
Japan policymakers shun ‘Modern Monetary Theory’ as dangerous
….Bank of Japan Governor Haruhiko Kuroda echoed Aso’s view in parliament, saying that the idea was unacceptable because it does not take into account the dangers of running a huge fiscal deficit.
“It’s an extreme idea and very dangerous because it would weaken fiscal discipline,” Aso told parliament, when asked about the theory by a ruling party lawmaker.
“I have no intention of making Japan a platform for experimenting such ideas,” he added….
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